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Eaton Corporation plc Message Board

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  • bluestarromeo bluestarromeo Apr 15, 2008 9:04 AM Flag

    Told you idiots and morons, ETN will test at least $90 this week...

    Why is $120 so unbelievable?
    If companies like JBHT and WMT can be at or near all time highs then surely ETN can do the same.
    Also don't forget, with high inflation $120 for a soveriegn fund is the new $90.

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    • Don't get me wrong, I would be thrilled to see $120 this year, I just think it will take 18 months to two years. Given the free reign given to short sellers by the elimination of the uptick rule, anyone and everyone with a margin account thinks they are genius for pushing stocks down in a recessionary fear environment. The shorts will only stop when there is some risk that they have to take on (ie shorting on data instead of fear mongering).

 
ETN
57.06+0.01(+0.02%)Aug 31 4:06 PMEDT